Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 20, 2019

American Widgets Co. has the following layers of inventory: Beginning inventory: 500 @ $1 = $500 Jan. purchase: 200 @ $2 = $400 Mar. purchase:

American Widgets Co. has the following layers of inventory:

Beginning inventory: 500 @ $1 = $500

Jan. purchase: 200 @ $2 = $400

Mar. purchase: 200 @ $3 = $600

What is the average cost per unit after a completed sale on February 14th?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Average cost ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Michael Parkin

11th edition

133019942, 978-0133020250, 133020258, 978-0133019940

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 1, 2015, Newlin co. has the following balances: projected benefit obligation $2,100,000 fair value of plan assets 1,800,000 the settlement rate is 10%. other data related to the pension...

Answered: 1 week ago

Question

★★★★★

What is the average cost pricing rule? Why is it not an efficient way of regulating monopoly?

Answered: 1 week ago

Question

★★★★★

What is the average cost between $2.50 and $1.95?

Answered: 1 week ago

Question

★★★★★

How can we use these theories to analyze factors which influence the longevity and adaptability of these organizations in changing landscapes?

Answered: 1 week ago

Question

★★★★★

Why is it important for a CPA to promote professional services in an ethical manner? Do you believe it would be ethical for a CPA to advertise professional services using testimonials and...

Answered: 1 week ago

Question

★★★★★

5. How often should risk assessments be reviewed? What systems exist in your workplace to manage risk? Are these systems sufficient or can you recommend improvements?

Answered: 1 week ago

Question

★★★★★

If it is known that p 12 and that the mean and the variance of X are E(X) = 3 and Var(X) = 1, find the values of a and p.

Answered: 1 week ago

Question

★★★★★

McWherter Instruments sold $400 million of 8% bonds, dated January 1, on January 1, 2011. The bonds mature on December 31, 2030 (20 years). For bonds of similar risk and maturity, the market yield...

Answered: 1 week ago

Question

★★★★★

Smooth Move Company makes paperweights. A new customer asks whether Smooth Move will accept a special order for 15,000 paperweights at a price of $7.00 per paperweight. The new customer is...

Answered: 1 week ago

Question

★★★★★

The following accounts are from Yoojin Changs interior design company, Big Apple Design. For each account, complete the following. The first one has been completed for you as an example. (1) The...

Answered: 1 week ago

Question

★★★★★

Is everyone worse off because of inflation? Why or why not?

Answered: 1 week ago

Question

★★★★★

Part D Consider the function, m (x 3) f(x) = (x+5) (x 8) where m represents a real number. #9 Using what you know about rational functions, what is the equation of the horizontal asymptote? #10 Use...

Answered: 1 week ago

Question

★★★★★

Forten Company's current year Income statement, comparative balance sheets, and additional Information follow. For the year. (1) all sales are credit sales, (2) all credits to Accounts Receivable...

Answered: 1 week ago

Question

★★★★★

Compose a thoughtful response to the original post with a reference source and link, This week I'd like to dive into the company Amazon, and how they implement information systems for strategic...

Answered: 1 week ago

Question

★★★★★

Brief the following case by using FILAR for structure and discuss the legal rules that applied to each issue and the reasons for the decision. Wright v. McArthur, 2005 BCSC 1797 case in a document...

Answered: 1 week ago

Question

★★★★★

9. A dual cycle operates with an air intake of 1 bar and 50C. The compression ratio is 15:1 and the maximum pressures and temperatures reached in the cycle are 75 bar and 2200C. (a) Sketch a p-V and...

Answered: 1 week ago

Question

★★★★★

In Python 3 please Write a function, longest Sorted(s), that takes a string s, and returns the longest substring of s that is sorted in increasing order (A to Z sorting). Note: assuming the strings...

Answered: 1 week ago

Question

★★★★★

Show that the block upper triangular matrix A in Example 5 is invertible if and only if both A 11 and A 22 are invertible. Data from in Example 5 EXAMPLE 5 A matrix of the form A = [ A11 A12 0 A22 is...

Answered: 1 week ago

Question

★★★★★

William Gregg owned a mill in South Carolina. In December 1862, he placed a notice in the Edgehill Advertiser announcing his willingness to exchange cloth for food and other items. Here is an...

Answered: 1 week ago

Question

★★★★★

Why is there a price markup over marginal cost in monopolistic competition?

Answered: 1 week ago

Question

★★★★★

Calculate the slope of the relationship between x and y when x equals 3.

Answered: 1 week ago

Question

★★★★★

Say whether each of the following is a rule, a strategy, or a payoff. a. In chess, when you capture your opponents king, you win the game. b. In Monopoly, players frequently mortgage their existing...

Answered: 1 week ago

Question

★★★★★

You are playing a game with a friend. Its your move but you dont have a dominant strategy. Your payoff depends on what your friend does after your move. You consider flipping a coin to decide what to...

Answered: 1 week ago

Question

★★★★★

Youve already paid to get into an all-you-can-eat buffet and have enjoyed several plates of food. Youre not really hungry anymore, but feel you ought to eat more to get the full value from the...

Answered: 1 week ago

Previous Question Next Question